As vaccines continue to be distributed and the pandemic approaches a hopeful end, the housing market is expected to remain strong in 2021. With the current remote-friendly lifestyle offering homebuyers more flexibility, real estate professionals have more opportunity than ever. That said, low rates and an inventory shortage have created
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Despite low inventory, the housing market is expected to remain strong in 2021 due to low mortgage rates. And with this housing boom will come even more questions from homeowners who want to know their housing options. Real estate brokers need to be able to target these clients effectively, so
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The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Without the right tools to beat these odds, lenders have had little choice but to pour dollars and resources into new customer acquisition
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Lisa Patterson, chief originations officer at Homepoint, will speak on a panel titled Operational Strategies in the Current Market at HousingWire’s Spring Summit on March 4. Patterson will be joined on the panel by Dave Vermillion, founder and CEO of Mortgage Champions, and Fred Bolstad, executive vice president of retail lending at
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In Mississippi, single women on average paid 3.47% on a 30-year, conventional fixed-rate mortgage in 2019. But single men on average paid 3.37%, according to the latest HMDA data available. Over the lifespan of the mortgage, the single woman in this instance will have roughly $7,000 more in mortgage payments
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Every month, Guaranteed Rate CEO Victor Ciardelli sits down and reads through story after story of people who are working to overcome extraordinary hardships and are in need of financial support, looking at ways the company can step in and provide help. This is one of the final steps in
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Today is the last day to nominate a 2021 Rising Star – don’t forget to submit your nominations by the end of the day! The past year has presented an opportunity for young leaders to step up and prove their value under unique circumstances in the housing world. And while
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Finicity, an open-banking solutions provider that was acquired by Mastercard in October, announced that it is dipping further into the mortgage space. Finicity’s latest product, dubbed its “mortgage verification service,” will allow prospective borrowers to provide certain permissions that allow mortgage lenders to verify assets, income and employment on one
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Zillow is putting their money where their Zestimate is, at least to a point. The “Zestimate,” Zillow’s catchy (and soapy) name for estimated home values, will sometimes be used as the initial offer Zillow plans to pay to purchase a home, the company said on Thursday. Zillow’s own estimated home
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Nikolaos Pavlou, product marketing manager at Blend, will sit down with other housing luminaries to discuss what mortgage tech is solving now at HousingWire’s Spring Summit on March 4. Pavlou will be joined by Finicity’s Senior Vice President of Product and Strategic Programs Lisa Kimball, and Qualia‘s Director of High
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Rocket Companies, the parent company of Rocket Mortgage, cleared another $2.48 billion in profits during the fourth quarter, giving the nation’s biggest mortgage lender a total of $9.5 billion in profits for 2020. Rocket originated $107.2 billion in mortgages, with net rate lock volume of $96 billion in the fourth
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It’s like the Yogi Berra quote – nobody goes there anymore, it’s too crowded. For the fifth consecutive month, U.S. pending home sales dipped – this time, down 2.8% in January from December, according to a report from the National Association of Realtors. And inventory shortages are the culprit. Despite the
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